Hercules Tech CEO: Cloud Selloff Positive, IPO Window Open

The vicious selloff in technology and biotech shares this spring is positive over the long term because it enables Hercules Technology Growth Capital to make investments at lower valuations, says the BDC's CEO Manuel Henriquez. Henriquez says the window for IPOs remains open, despite the skittish environment for cloud computing IPOs, and he notes that the market has not seen many offerings withdrawn. In terms of the next big technology, he says the recent ruling on net neutrality will cause a flood of funds into the telecom sector. Finally, he says HTGC's healthy dividend remains safe.